
Carson, California 90745
Analysis of 215 E 220th, Carson, California 90745 is currently available with a list price of $2,990,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Carson Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1945 (81 years old) with no evidence of renovations; the listing is explicitly marketed as a development opportunity for land value and future multifamily potential.
Zoned RM-12-D on a massive 40,260-square-foot lot, the property offers a rare opportunity to develop 11 to 13 multifamily units in a high-demand area.
The large, rectangular, and level lot dimensions (132 x 305 feet) provide an ideal footprint for construction, simplifying the architectural and building process.
Current rents are significantly below market value due to long-term tenancies, presenting a major value-add opportunity for investors to increase cash flow.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =40316, other record lot size in square feet = 40260.
The intentionally low existing rents result in a lower immediate cap rate, which may challenge debt coverage ratios for traditional financing.
With the original structures dating back to 1945, the property likely requires significant maintenance or capital expenditure if not immediately redeveloped.
Rare Carson investment and development opportunity featuring four detached, single-story residences situated on one expansive, level and rectangular 40,260-square-foot parcel measuring approximately 132 × 305 feet. The existing improvements total approximately 3,406 square feet and provide a combined eight bedrooms and four bathrooms, three garage spaces and approximately 10 additional uncovered parking spaces. Existing rents substantially below market due to long-term tenants whose rents were intentionally kept low by the prior owner. Buyers must independently verify rental values, expenses and income projections. The property is zoned RM-12-D and may offer future multifamily development potential of approximately 11 units by right and potentially 13 units with a density bonus. All zoning, density, development potential and permitted-use information is subject to independent buyer verification and approval by the City and all applicable agencies.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,406 | 1,242.8 |
| Lot Size | 40,316 | 5,199.6 |
| Price | $2.99M | $766.0K |
| Price per sq ft | $878 | $179.4K |
| Built year | 1945 | 1935 |
| HOA | $0 | $0 |
| Days on market | 5 | 70 |
Sep 4, 2026
$2,990,000
Initial Listing